Negative equity risk areas identified

A new piece of research has suggested that areas of east and south London tend to be the most at-risk areas from negative equity in the capital.

The analysis obtained by the Evening Standard from Experian indicates that the three highest risk areas by parliamentary constituency are Barking, Hackney and Shoreditch and Poplar and Canning Town.

Most of the next most high risk areas are nearby, while those at lowest risk tend to be in the north and west of the metropolis.

Hayes and Harlington, on the western fringes, is an exception to the rule.

The figures may prompt many people in the worst affected parts of London to consider the self build method in order to avoid the negative equity trap.

Last week Buildstore spokesman John Hay told yourmortgage.com that self build was "a good way of creating additional equity in your home to guard against market downturns".


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